-
Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
-
Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
-
Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
-
Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
-
Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
-
Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
-
Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
-
Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
-
Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
-
Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
-
Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
-
Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
-
Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
-
Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
-
Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
-
Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
-
International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
-
Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
Irish Businesses look abroad for growth as a third expect to increase exports and revenue from non-domestic markets
56% of Irish businesses expect to grow their revenue in the coming 12 months
New research from Grant Thornton Ireland has revealed that 76% of Irish businesses are optimistic about the outlook of the economy over the coming 12 months as domestic and international markets recover and the world reopens post-pandemic. The research carried in the first half of 2021 for the Grant Thornton International Business Report put Ireland ahead of countries including the UK, France and Germany for levels of optimism among local businesses. Ireland ranks fourth of 29 economies surveyed on business optimism and is highest of all the European countries surveyed.
International sales have been identified as key to business growth with 29% of Irish businesses focusing on their international sales strategy. More than a third (38%) expect to grow exports over the coming year and 33% expect to increase revenue from non-domestic markets. Meanwhile, 30% expect to increase the number of countries they sell to with the United Kingdom and the United States identified as countries of priority for Irish businesses. In supporting their international sales strategies, almost a fifth (19%) expect to increase their staff ratio focused on non-domestic markets.
Overall, 56% of Irish businesses expect to grow their revenue from both domestic and non-domestic markets but despite the significant levels of optimism among business, challenges to growth were also noted. In particular, 38% of businesses cited economic uncertainty as a constraint to growth.
Issues of red tape and regulation were also noted as a constraint to growth by more than half (51%) of Irish businesses surveyed. This is likely a consequence of Brexit and additional checks within Irish-UK trade, and varying requirements for Irish businesses trading in other non-domestic markets. Some 22% of Irish businesses noted an increase in the use of non-domestic suppliers and outsourcing for the coming year, with the US emerging as the main benefactor of this.
Commenting on the results , Managing Partner of Grant Thornton Ireland, said: “Amid the turbulence of the COVID-19 pandemic and the challenges of Brexit, Irish businesses continue to inspire with their high levels of optimism for the coming 12 months.
‘As we watch global economies return to growth, we see the knock-on effect for businesses globally and the desire of Irish businesses to expand their offering in international markets is testament to their resilience and ambition to leverage globalisation as they would have done pre-pandemic.
'The ambition of businesses to grow is not without challenge, of course, and the course remains unsteady as we navigate through the impact of lockdowns at home and abroad in the past 18 months but many businesses will be conscious of this as they plan for sustained growth into the future.”
Investments in sustainability
Within the Grant Thornton International Business Report for H1 2021, sustainability emerged as a key priority for Irish businesses in developing future business strategy, with 30% of those surveyed noting the need to focus on developing sustainable ways in which to continue their business.
In addition to this, some 22% of businesses expect to invest in new buildings, 37% plan to invest in plants and machinery, and 32% plan to invest in research and development.
Labour/Employment
In line with economies reopening worldwide, Irish businesses are also focusing on their workforce to support their domestic and international sales strategies. 38% of Irish businesses are expecting to increase employment as society returns to normal.
The availability of skilled workers, however, is a concern for Irish businesses with 37% identifying this as a constraint to growth, and 35% of businesses planning to invest in staff skills in the coming 12 months.
Commenting on the latest research, Andrew Webb, Chief Economist at Grant Thornton Ireland, noted: ’One of the key takeaways of the report in terms of labour and employment is the need for businesses to invest in the upskilling of staff to increase the availability of a skilled workforce, as a lack of skilled staff greatly hinders the ability of a business to grow and develop in keeping with technological advancements.”